Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT ARE THE DISTINGUISH BETWEEN ACCOUNTS RECEIVABLE AND
ACCOUNTS PAYABLE
- 3 Answers
- 8165 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Accounts Receivable is nothing but the money receivable form
Customers. It's also shown as Sundry Debtors under Current
Assets, Loans & Advances in the Balance Sheet.
Accounts Payable is nothing but the money payable to
Creditors/Vendors. It's also shown as Sundry Creditors under
Current Liabilities & Provisions in the Balance Sheet.
| Is This Answer Correct ? | 20 Yes | 1 No |
Post New Answer View All Answers
What is accounting normalization?
what is book building
The main financial accounting statements?
How new/innavtive assets are to be treated under IFRS?
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
Explain have you ever heard about tds, what it is?
What is journalizing? What are the columns of a journal?
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
what is addition of Opening Balance and net profit transfered from profit and loss account called
difition of reserve & surplus
Tell me how can you explain the basic accounting equation?
Scope and nature of Accounting
Is it mandatory for the employees staff of a School, if so give details
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
